Allspring Global Investments Holdings LLC Raises Holdings in UGI Co. (NYSE:UGI)

Allspring Global Investments Holdings LLC grew its holdings in UGI Co. (NYSE:UGI - Free Report) by 254.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,687 shares of the utilities provider's stock after purchasing an additional 130,407 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of UGI worth $5,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UGI. FMR LLC raised its stake in UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock valued at $235,660,000 after purchasing an additional 2,786,878 shares in the last quarter. Hennessy Advisors Inc. raised its stake in UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after acquiring an additional 2,265,300 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock worth $62,630,000 after purchasing an additional 808,113 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of UGI by 105.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider's stock worth $37,712,000 after purchasing an additional 774,770 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UGI has been the subject of a number of recent analyst reports. Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group began coverage on UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $28.33.

UGI Stock Up 1.1 %

NYSE:UGI traded up $0.36 during trading hours on Friday, reaching $33.11. 1,176,349 shares of the company traded hands, compared to its average volume of 2,024,311. UGI Co. has a 1 year low of $22.01 and a 1 year high of $33.58. The business's 50-day moving average price is $29.78 and its two-hundred day moving average price is $26.69. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $7.11 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.26 and a beta of 1.21.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Analysts predict that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. UGI's payout ratio is 59.06%.

UGI Company Profile

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.